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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
A company's inventory account increased $26,500 and its accounts payable account decreased $18,250 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $789,500 and cost of goods sold was $532,700. What was the amount of payments to suppliers of inventory?
A) $834,250
B) $577,450
C) $540,950
D) $550,950
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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8 years ago
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